Committee for a Responsible Federal Budget

Economics

Economics Issue Area

Latest

It’s Time to Wind Down the Student Loan Moratorium

The Biden administration recently extended the federal student loan moratorium through January 2022. Under the moratorium, most federal student loan...

CBO Report Shows Infrastructure is More Pro-Growth When It's Paid For

The Congressional Budget Office (CBO) released a report today detailing the macroeconomic effects of two illustrative, $500 billion infrastructure...

COVID Relief Continues to Bolster Personal Income

New data from the Bureau of Economic Analysis (BEA) for the month of April shows that disposable personal income (DPI) was 12.0 percent above pre-...

Partial Student Debt Cancellation is Poor Economic Stimulus

Last year, we estimated that fully canceling student debt would produce eight to 23 cents of economic activity for every dollar of cost and...

COVID Relief Lifted Personal Income to Record Levels

Of the $5.9 trillion ($5.2 trillion net) of enacted COVID relief, we estimate $3.6 trillion was committed or disbursed over the one-year period...

How Much Would the American Rescue Plan Overshoot the Output Gap?

The Congressional Budget Office (CBO) projected on Monday that the nation’s output gap – the difference between actual economic activity and...

CBO Releases New 10-Year Economic Projections

Yesterday, the Congressional Budget Office (CBO) released a new set of ten-year economic projections, illustrating the economic damage from the COVID...

America Faces a $380 Billion Output Gap

Today's economic projections from the Congressional Budget Office (CBO) show the economy is likely to experience a strong economic recovery, but...

What Do Today's GDP Numbers Tell Us About the Output Gap?

The Bureau of Economic Analysis today released its advanced estimates for fourth quarter Gross Domestic Product (GDP). The report showed that real...